Priciest home sold in England and Wales in January was almost £38 million

There were more than 116,700 sales of land and property in England and Wales that were registered in January, ranging in price from almost £38 million to £15,000.

The latest data from the Land Registry show that out of 116,795 sales some 87,753 were freehold, a rise of 23.5% compared to January 2017.

Of the total some 16,685 sales were for newly built homes, a rise of 15% compared to January 2017.

Some 499 were of properties in England and Wales for £1 million and over, 307 were of properties in Greater London for £1 million and over while three were in Birmingham and three in Manchester.

The most expensive residential sale taking place in January 2018 was a semi-detached property in the Royal Borough of Kensington and Chelsea in London for £37,720,000. The cheapest was a terraced property in Burnley, Lancashire, for £15,000.

The largest number of sales by housing type was terraced homes with 30,741 sales, followed by semi-detached homes at 29,282, then 25,932 detached houses and 22,887 flats or maisonettes.

The most expensive commercial sale taking place in January 2018 was in Greater Manchester for £103,033,044 and the cheapest was in the Royal Borough of Kensington and Chelsea in London for £100.

Company News

Independent lettings agent Benham & Reeves Residential Lettings has acquired the rights to use the full Benham & Reeves name for sales alongside its existing lettings business.
The two companies have shared the Benham & Reeves name... Read more

Finance Update

Skipton Building Society has announced a widespread refresh of its mortgage range including a new range of Help to Buy three year deals.
There is also is rate decreases to all new build fixed rate products of up to 0.13% and rate reductions of up... Read more

Advice to readers: while this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.